Happy 5th Birthday, iPhone

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It was five years ago that Steve Jobs took the stage at the MacWorld Expo and introduced Apple's first iPhone.

"An iPod, a phone, an Internet mobile communicator," Jobs said when preparing to introduce the iPhone in January 2007. "An iPod, a phone, an internet mobile communicator.... These are not three separate devices!"

CNN and AppleInsidertook a look back at the event (via Wired), reminding us that five years ago the original iPhone was priced at $499 for 4GB and $599 for 8GB. And with that hefty wad of cash people had AT&T, 320 by 480 resolution, 3.5-inch touchscreen and a 2-megapixel camera. It ran the antiquated iOS 1.0 and featured a 412 MHz ARM 11 processor. It didn't have GPS but it had Wi-Fi, a unique feature in 2007.

A few incarnations later, and that price has dropped to $200 for 16GB and $300 for 32 GB iPhone 4S with a two-year contract, and it's now available on AT&T and Verizon Wireless. The display is now 960 by 640, it has an 8-megapixel camera and 720p video playback. The latest iPhone 4S is also the bestselling iPhone in its history -- and available in snowy white.

Apple has come a long way in five years, including carving a lucrative niche in mobile technology. However, looking back on the first iPhone, it's good to see how far it's come from its original package to the sleeker, faster device it is today.